As a speculator I look into the logic behind $JO supply and demand. At price levels it changes hand and the climate outlook. Lastly the technical outlook and CFTC positioning. United states imported %66 of it's JO demand from Brazil in 2017 and as citrus greening and grove renewal is continuing to cap Florida producers. Leaving the U.S heavily dependent on...
Last week options volume pointed at increased downside protection. Which translated into a yen rally or cadjpy drop. This theme is still in play on top of that. opec is relaxing supply cuts and thus driving oil lower over the coming month, which will drag CAD$ with it. I line with that we had a weekly bearish engulfing bar pointing at 82-80 area. For more free...
The shiny metal #gold has limited resistance until $1236 as US #Dollar Currency #Index should maintain its weight above 96.33 for a channelized healthy market.Though we have some probable possibilities on the other hand which can be unfavorable for short sellers,but we can carry on bear trend with higher selling until $1236.